12 Best Nasdaq Stocks Under $20 to Buy Now

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9. Amicus Therapeutics Inc. (NASDAQ:FOLD)

Current market price: $8.81

Upside Potential: 93%

Number of Hedge Fund Holders: 40

Amicus Therapeutics Inc. (NASDAQ:FOLD) is a biotechnology firm dedicated to the discovery, development, and delivery of novel treatments for rare diseases. The company currently markets two therapies: Galafold, an oral monotherapy for Fabry disease patients with amenable genetic variants, and Pombiliti + Opfolda, a two-component treatment for adults with late-onset Pompe disease.

Amicus Therapeutics Inc. (NASDAQ:FOLD) aims to achieve substantial long-term revenue growth, with projections to exceed $1 billion in total sales by 2028. In FY 2024, the company experienced a 33% increase in net product sales, totaling $528.3 million. While Galafold accounts for approximately 87% of current sales, Pombiliti + Opfolda has become the primary growth driver, with sales surging over sixfold in 2024.

On February 23, Leerink Partners analyst Joseph Schwartz reiterated a Buy rating for Amicus Therapeutics (NASDAQ:FOLD) with a $17 price target, citing strong growth potential. Despite a slowdown in patient additions due to seasonal factors and a lack of new country launches, the company continues to report robust sales for Pombiliti and Opfolda. Amicus is poised for market expansion, with recent approval in Australia and anticipated approvals in Japan and Canada, as well as plans to enter up to 10 new countries. Joseph also noted that management remains confident, as they maintained revenue growth projections for 2025 and expected positive GAAP net income in the second half of the year. These factors supported his bullish outlook on the stock.

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